Moog Inc. ( ($MOG.A) ) has released its Q1 earnings. Here is a breakdown of the information Moog Inc. presented to its investors.
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Moog Inc., headquartered in East Aurora, New York, is a global leader in the design and manufacture of high-performance precision motion and fluid controls and control systems, primarily serving the aerospace, defense, industrial, and commercial aircraft markets.
In the first quarter of fiscal 2025, Moog Inc. reported increased sales, improved operating margins, and significant new bookings. The company achieved a diluted earnings per share of $1.64 and an adjusted diluted earnings per share of $1.78, reflecting a strong performance despite an out-of-period warranty expense.
The company’s net sales grew by 6% to $910 million, driven by robust demand in the aerospace and defense sectors. Space and Defense sales increased by 8%, while Military Aircraft sales soared by 15%, bolstered by the FLRAA program. Commercial Aircraft sales also saw a 14% rise. However, Industrial segment sales decreased by 7% due to divestitures and foreign currency impacts. Moog’s operating margin improved to 11.1%, with adjusted margins expanding across all segments.
Despite a challenging cash flow scenario, with free cash flow showing a negative $165 million due to working capital needs, Moog’s bookings hit a remarkable $1.3 billion, led by record orders in Space and Defense and strong commercial aircraft orders. The company’s backlog remains steady at $2.5 billion, indicating a solid pipeline of future work.
Looking ahead, Moog Inc.’s management expects continued sales growth, margin expansion, and enhanced cash flow generation throughout 2025, supported by strategic pricing, simplification initiatives, and optimized planning and sourcing activities.
